Pink diamonds deliver strong results for Rio

Rio Tinto announced that its 2019 Argyle Pink Diamonds Tender collection of 64 rare pink and red diamonds saw double digit growth in the number of bids, with successful bidders hailing from nine countries.

The rocks were mined from the company’s Argyle mine in Western Australia and the collection is the 35th Tender since the operation became commercially active in 1983.

“Whilst bids and total values remain confidential, Lot 1, Argyle Enigma, the most valuable diamond in the collection, was won by Australian based Argyle Pink Diamonds partner Blue Star & Kiven Diamonds. Blue Star & Kiven Diamonds also won Lot 4, Argyle Verity,” Rio Tinto revealed.

According to Ron Kiven, director of Blue Star & Kiven Diamonds, no other diamonds on Earth match the rarity and provenance of Argyle pink diamonds.

“To have acquired two of the last Argyle pink diamonds to ever be unearthed, and one of the few Fancy Red Argyle diamonds in existence is the ultimate privilege,” Kiven said in a media statement.

Rio Tinto’s Argyle mine, located in the far north of Western Australia, produces virtually the world’s entire supply of pink, red and violet diamonds.

The mine, however, is scheduled to close in 2020 after almost four decades of production.

Source: DCLA

Pink diamonds deliver strong results for Rio

Rio Tinto announced that its 2019 Argyle Pink Diamonds Tender collection of 64 rare pink and red diamonds saw double digit growth in the number of bids, with successful bidders hailing from nine countries.

The rocks were mined from the company’s Argyle mine in Western Australia and the collection is the 35th Tender since the operation became commercially active in 1983.

“Whilst bids and total values remain confidential, Lot 1, Argyle Enigma, the most valuable diamond in the collection, was won by Australian based Argyle Pink Diamonds partner Blue Star & Kiven Diamonds. Blue Star & Kiven Diamonds also won Lot 4, Argyle Verity,” Rio Tinto revealed.

According to Ron Kiven, director of Blue Star & Kiven Diamonds, no other diamonds on Earth match the rarity and provenance of Argyle pink diamonds.

“To have acquired two of the last Argyle pink diamonds to ever be unearthed, and one of the few Fancy Red Argyle diamonds in existence is the ultimate privilege,” Kiven said in a media statement.

Rio Tinto’s Argyle mine, located in the far north of Western Australia, produces virtually the world’s entire supply of pink, red and violet diamonds.

The mine, however, is scheduled to close in 2020 after almost four decades of production.

Source: DCLA

Rare Argyle diamonds attract bidding bonanza as closure nears

Rio Tinto has showcased a collection of 64 rare pink and red diamonds from the Argyle mine in Western Australia in the 35th tender from the soon-to-be-closed mine.

The company reported “intense global demand” for the rare diamonds, with double digit growth in the number of bids during the tender.

The most valuable diamond in the collection, Argyle Enigma, was won by Melbourne-based dealer and Argyle Pink Diamonds partner Blue Star & Kiven Diamonds. It also secured Argyle Verity.

Bids and total values are kept confidential.

“No other diamonds on earth match the rarity and provenance of Argyle pink diamonds,” Blue Star & Kiven Diamonds director Ron Kiven said.

“To have acquired two of the last Argyle pink diamonds to ever be unearthed, and one of the few Fancy Red Argyle diamonds in existence is the ultimate privilege.”

The 2019 Argyle Pink Diamonds tender was highly sought after, with a set of results that underscore the ongoing value appreciation of the gems in the history of rare coloured diamonds, according to Rio Tinto copper and diamonds vice president of sales and marketing Alan Chirgwin.

This year’s tender is the first time to be accompanied by smaller Argyle pink and red diamonds known as the Argyle Pink Everlastings collection.

It comprises 64 lots of carefully curated diamonds, weighing 211 carats. The collection was entirely sold to Hong Kong fancy coloured diamond specialist, Kunming Diamonds.

“This is a rare opportunity to acquire a once in a lifetime collection of pink and red Argyle diamonds,” Kunming director Harsh Maheshwari said.

“With the imminent closure of the Argyle mine, a collection such as this deserves to be showcased to the world.”

The value of Argyle pink diamonds sold at tender has appreciated more than 500 per cent over the past 19 years, outperforming all major equity markets.

Almost the entire world supply of rare pink, red and violet diamonds come from Rio Tinto’s Argyle diamond mine in the East Kimberley region of Western Australia, which will close at the end of next year.

Source: DCLA

Rare Argyle diamonds attract bidding bonanza as closure nears

Rio Tinto has showcased a collection of 64 rare pink and red diamonds from the Argyle mine in Western Australia in the 35th tender from the soon-to-be-closed mine.

The company reported “intense global demand” for the rare diamonds, with double digit growth in the number of bids during the tender.

The most valuable diamond in the collection, Argyle Enigma, was won by Melbourne-based dealer and Argyle Pink Diamonds partner Blue Star & Kiven Diamonds. It also secured Argyle Verity.

Bids and total values are kept confidential.

“No other diamonds on earth match the rarity and provenance of Argyle pink diamonds,” Blue Star & Kiven Diamonds director Ron Kiven said.

“To have acquired two of the last Argyle pink diamonds to ever be unearthed, and one of the few Fancy Red Argyle diamonds in existence is the ultimate privilege.”

The 2019 Argyle Pink Diamonds tender was highly sought after, with a set of results that underscore the ongoing value appreciation of the gems in the history of rare coloured diamonds, according to Rio Tinto copper and diamonds vice president of sales and marketing Alan Chirgwin.

This year’s tender is the first time to be accompanied by smaller Argyle pink and red diamonds known as the Argyle Pink Everlastings collection.

It comprises 64 lots of carefully curated diamonds, weighing 211 carats. The collection was entirely sold to Hong Kong fancy coloured diamond specialist, Kunming Diamonds.

“This is a rare opportunity to acquire a once in a lifetime collection of pink and red Argyle diamonds,” Kunming director Harsh Maheshwari said.

“With the imminent closure of the Argyle mine, a collection such as this deserves to be showcased to the world.”

The value of Argyle pink diamonds sold at tender has appreciated more than 500 per cent over the past 19 years, outperforming all major equity markets.

Almost the entire world supply of rare pink, red and violet diamonds come from Rio Tinto’s Argyle diamond mine in the East Kimberley region of Western Australia, which will close at the end of next year.

Source: DCLA

3ct. Blue Diamond to Lead Phillips Sale

Phillips will feature a blue diamond ring by Tiffany & Co. at its upcoming New York Jewels auction, expecting it to fetch up to $2.5 million.

The cut-cornered square modified brilliant-cut, 3.02-carat, fancy-intense-blue, VS2-clarity diamond ring will lead the December 9 sale, the auction house said Wednesday.

An assortment of colorless diamonds will also go under the hammer, including an emerald-cut, 11.34-carat, D-color, VVS2-clarity, type IIa diamond ring by Harry Winston. The piece, which is flanked by two triangle-shaped diamonds weighing a total of 1.45 carats, has a presale estimate of $500,000 to $800,000. A 1925 Art Deco ring by Spaulding & Co., featuring a modified marquise brilliant-cut, 7.69-carat, D-color, VS2-clarity, type IIa diamond, will go under the hammer for $150,000 to $250,00, while a cut-cornered rectangular modified brilliant-cut, 13.05-carat diamond ring is estimated at $80,000 to $120,00.

Other notable items include a fancy-color diamond and gold necklace, featuring a pear modified brilliant-cut, 3.01-carat, fancy-blue-grey diamond, estimated at $250,000 to $450,000. A cut-cornered square step-cut, 16.23-carat, fancy-intense-yellow, VS1-clarity diamond ring by De Beers carries a presale estimate of $220,000 to $400,000.

Source: DCLA

3ct. Blue Diamond to Lead Phillips Sale

Phillips will feature a blue diamond ring by Tiffany & Co. at its upcoming New York Jewels auction, expecting it to fetch up to $2.5 million.

The cut-cornered square modified brilliant-cut, 3.02-carat, fancy-intense-blue, VS2-clarity diamond ring will lead the December 9 sale, the auction house said Wednesday.

An assortment of colorless diamonds will also go under the hammer, including an emerald-cut, 11.34-carat, D-color, VVS2-clarity, type IIa diamond ring by Harry Winston. The piece, which is flanked by two triangle-shaped diamonds weighing a total of 1.45 carats, has a presale estimate of $500,000 to $800,000. A 1925 Art Deco ring by Spaulding & Co., featuring a modified marquise brilliant-cut, 7.69-carat, D-color, VS2-clarity, type IIa diamond, will go under the hammer for $150,000 to $250,00, while a cut-cornered rectangular modified brilliant-cut, 13.05-carat diamond ring is estimated at $80,000 to $120,00.

Other notable items include a fancy-color diamond and gold necklace, featuring a pear modified brilliant-cut, 3.01-carat, fancy-blue-grey diamond, estimated at $250,000 to $450,000. A cut-cornered square step-cut, 16.23-carat, fancy-intense-yellow, VS1-clarity diamond ring by De Beers carries a presale estimate of $220,000 to $400,000.

Source: DCLA

Rio Tinto Sees Strong Bidding for Argyle Pinks

Rio Tinto saw a double-digit increase in the number of bids at its 2019 Argyle Pink Diamond Tender, the company reported Wednesday.

The miner offered two collections at the tender, with one buyer acquiring all 64 lots of the Everlasting Collection, comprising 211 carats of smaller diamonds. The center piece Hero stones included six pink and red diamonds weighing 1.07 carats to 2.01 carats.

Australia-based Blue Star & Kiven Diamonds, a subsidiary of Aurostar Group, bought the Argyle Enigma, the most valuable diamond in the sale, Rio Tinto said Wednesday. The company also won the Argyle Verity.

“To have acquired two of the last Argyle pink diamonds to ever be unearthed, and one of the few fancy-red Argyle diamonds in existence, is the ultimate privilege,” noted Blue Star & Kiven Diamonds director Ron Kiven.

Meanwhile, Hong Kong-based fancy-colored-diamond dealer Kunming Diamonds purchased the entire Argyle Pink Everlasting collection. Rio Tinto did not disclose the sales price for any of the lots.

“With the imminent closure of the Argyle mine, a collection such as this deserves to be showcased to the world and we look forward to announcing our plans at a later date,” said Harsh Maheshwari, director of Kunming Diamonds.

The Argyle mine in Western Australia is nearing the end of its operational life, with Rio Tinto expecting to produce diamonds there until the end of 2020.

Source: DCLA